The European Union and France on Monday announced half a billion euros worth of incentives to lure scientists to the continent, seeking to profit from U.S. President Donald Trump's federal funding cuts and clashes with top U.

The European Union is launching a drive to attract scientists and researchers affected by Trump administration DEI freezes.

According to Eurostat, combined spending by EU businesses, governments, and universities on research and development totalled USD 411 billion in 2023. In comparison, U.S. spending reached an estimated USD 940 billion, according to the National Center for Science and Engineering Statistics.